Schechter Investment Advisors LLC purchased a new stake in shares of STMicroelectronics (NYSE:STM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,368 shares of the semiconductor producer's stock, valued at approximately $758,000.
Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in STMicroelectronics during the third quarter valued at approximately $25,000. Archer Investment Corp purchased a new position in STMicroelectronics during the third quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in STMicroelectronics during the fourth quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC raised its position in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after acquiring an additional 921 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on STM. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. Finally, BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.26.
Read Our Latest Stock Report on STM
STMicroelectronics Price Performance
Shares of NYSE:STM traded up $0.55 during trading on Friday, reaching $26.46. The stock had a trading volume of 9,180,875 shares, compared to its average volume of 7,540,910. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $48.75. The stock has a market cap of $23.90 billion, a PE ratio of 15.94, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The business has a fifty day moving average price of $24.73 and a 200-day moving average price of $26.60.
STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, equities analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.
STMicroelectronics Profile
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Free Report)
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.
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